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In 2020, Reserve Bank of India (RBI) imposed crippling restrictions on HDFC Bank, India’s largest bank by market-capitalisation, sending shock waves throughout the banking industry.
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has allowed the loss of Rs. 1,094.14 crore to Standard Chartered Bank arising from a securities scam as a business loss.The bench of Rahul...
This week, an intriguing report by the news agency PTI said that, in view of the ‘recent losses sustained by investors’ in initial public offerings (IPOs) and derivatives transactions, the market watchdog was planning a ‘worldwide first’ to assist investors by releasing monthly 'risk factor disclosures' on market trends, including surges and crashes.